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Uses Blockchain, A.I., IoT & serialization functionalities that bring comprehensive visibility throughout distribution chains
June 18, 2018
By: Betsy Louda
Adents, in collaboration with Microsoft, has developed a new unit-level product track & trace platform utilizing Blockchain and AI technologies. Adents NovaTrack, which debuted at VivaTech 2018 in Paris last month, offers end-to-end traceability and visibility throughout the entirety of the supply chain. According to the Organization for Economic Co-operation and Development (OECD), an estimated 10% of pharmaceutical products sold worldwide and 2.5% of global imports are counterfeit. Trust and transparency continue to be significant concerns for businesses, government agencies and consumers around the globe. Tighter control of supply chains is a crucial factor in tackling these issues. Blockchain presents unprecedented opportunities to secure entire supply chains, yet comprehensive end-to-end security means more than documenting transactions on a shared ledger. Challenges include:
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